Prrc, Inc. 401(k) Review & Grade
Prrc Employee Savings Plan
Wethersfield, CTRetail Trade1,730 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$496Employer $ per active participant
$982Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$31.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 73th |
| Employee saving | 16th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Prrc put in about $496 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $859,122 |
| Participant (employee) contributions | $1,699,955 |
| Other contributions (incl. rollovers in) | $19,092 |
| Administrative expenses paid from the plan | $30,797 |
| Investment advisory & management fees | $18,372 |
| Benefits paid out | $2,655,248 |
| Net assets, start / end of year | $26.4M / $31.9M |
| Active participants, start / end of year | 1,281 / 2,180 |
| Participants with account balances | 497 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smithbrown, PC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $18,372 reported compensation |
| Fidelity Investments Institutional | $12,425 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250814144341NAL0005461091001, received 2025-08-14, EIN 04-3311158, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.